With a major logjam in the frontcourt, the Jazz were expected to be active at the trade deadline. But Utah was surprisingly quiet, keeping Al Jefferson and Paul Millsap, both of whom will be free agents this summer.

3:27 p.m.: Thunder get Brewer from Knicks

The Thunder have received swingman Ronnie Brewer from the Knicks in exchange for a second-round pick, per multiple reports.

http://twitter.com/NYPost_Berman/statuses/304687763272372225

http://twitter.com/FisolaNYDN/statuses/304687932361564161

3:13 p.m.: Bobcats send Warrick to Magic

The Bobcats have traded Hakim Warrick to the Magic for Josh McRoberts, according to the Charlotte Observer's Rick Bonnell.

http://twitter.com/rick_bonnell/statuses/304682440553807873

3:03 p.m.: Josh Smith to stay in Atlanta

According to multiple reports, Josh Smith will stay in Atlanta. Smith, the most high-profile player on the block, will be an unrestricted free agent this offseason.

http://twitter.com/WojYahooNBA/statuses/304682683194298368

http://twitter.com/WindhorstESPN/statuses/304682576071778304

http://twitter.com/KBergCBS/statuses/304683415440072707

The Hawks did, however, trade Anthony Morrow to Dallas for Dahntay Jones, per ESPN.com's Brian Windhorst.

http://twitter.com/WindhorstESPN/statuses/304683334750064641

Reports are that the Hawks pulled out of a possible three-team trade as the last minute.

Rob Mahoney's take: One can only hope that this deal comes as a precursor to Monta Ellis' Milwaukee exodus, but one can never be sure of the Bucks' cross-wired motivations. We've seen the Bucks make moves in the past that seemed to move in several directions at once, and though this summer affords GM John Hammond a chance to start with a relatively clean slate, it seems possible that Milwaukee would attempt to re-sign both Ellis and the newly acquired J.J. Redick when they hit the open market this summer.

Still, Hammond has pawned off a few decent rotation types to acquire the Bird rights of a single, more finished player in Redick, along with some serviceable roster filler in Ish Smith and Gustavo Ayon. It doesn't hurt that Redick makes far more sense as a component of the Bucks' reboot than Ellis ever could, but let's not pretend that the arrival of a good player on an expiring deal is some dream scenario for Milwaukee. Even if the Bucks are able to convince Redick to stay beyond this season, they'll have to pay him a competitive wage that could complicate their long-term financial outlook. Rebuilding a team isn't just about finding the right players, after all, but committing to them at the right time; this isn't necessarily the best time for Milwaukee to be paying high on a solid role player, even if doing so is preferable to breaking the bank for Ellis.

Rob Mahoney's take: Eric Maynor has been injured and ineffective since the 2011 playoffs, but even with those asterisks he immediately becomes the best player on Portland's bench. That says far more about the Blazers than it does about Maynor, but as Portland's newest import inches back toward his previous form, he'll give the Blazers a decent option behind standout rookie Damian Lillard.

A move of this ilk seemed inevitable from Oklahoma City's perspective, as the Thunder have no need -- and clearly had no interest -- in paying Maynor as a restricted free agent this summer. Instead, they've come to rely on the slightly more inconsistent Reggie Jackson, an impressive athlete still feeling his way through the NBA game. The drop-off has ultimately been negligible, and thus the Thunder shave some salary and unload a player who had no place in their long-term plans.

2:08 p.m.: Smith talks continue

The Bucks and Hawks are still discussing a possible trade for Josh Smith, reports Adrian Wojnarowski of Yahoo! Sports. Wojnarowski reported earlier in the day that Monta Ellis and Ekpe Udoh were among players discussed for Smith and Devin Harris.

NBA.com's David Aldridge notes that the Nets are in talks, but that the Bucks appear to be the favorites.

http://twitter.com/daldridgetnt/statuses/304672711303655424

2:03 p.m.: Toronto acquires Telfair

The Raptors got the guard they needed, acquiring Sebastian Telfair from the Suns for Hamed Haddadi and a second-round pick, reports ESPN.com's Chris Broussard.

https://twitter.com/Chris_Broussard/statuses/304666779807006720

http://twitter.com/Chris_Broussard/statuses/304668439157559297

Rob Mahoney's take: This was a natural move, given that rookie guard Kendall Marshall had recently overtaken Telfair as Phoenix's backup point guard. Telfair had a quietly dependable season for the Suns last year, but has seen his play regress along with the general quality of Phoenix's roster this season. That -- along with his $1.6 million expiring deal -- made him imminently tradable, and it just so happened that the Raptors were in the market for an extra ball-handler after dealing steady playmaker Jose Calderon. Telfair doesn't exactly fill that void, but he'll lift the burden from an overextended John Lucas III and round out Toronto's bench for the year.

The Nuggets had been shopping third-string center Timofey Mozgov, who was acquired in the deal for Carmelo Anthony in 2011, but CBSSports.com's Ken Berger reports that the team will stand pat the deadline.

The Heat have traded backup center Dexter Pittman to the Grizzlies for a second-round pick and a trade exception, reports Yahoo! Sports' Marc Spears.

http://twitter.com/SpearsNBAYahoo/statuses/304663418969923584

http://twitter.com/SpearsNBAYahoo/statuses/304664191590100993

http://twitter.com/WindhorstESPN/statuses/304664788947054593

1:45 p.m.: First deal of the day

We have the first deal of the day. According to NBA.com's David Aldridge, Jordan Crawford has been traded to the Celtics. Adrian Wojnarowski of Yahoo! Sports reports that the Wizards will receive Leandro Barbosa (who has an expiring contract and is out for the rest of the season with a knee injury) and Jason Collins.

http://twitter.com/daldridgetnt/statuses/304663058117193728

http://twitter.com/WojYahooNBA/statuses/304666977874632706

http://twitter.com/daldridgetnt/statuses/304687001058283521

Rob Mahoney's take: As much as I understand the Wizards wanting to unload Jordan Crawford, I'm not grasping what about him is so rotten that they would just give him away. Crawford is owed a paltry $1.2 million this season and $2.2 million next year, after which Washington could have decided whether he was worth fighting for in restricted free agency (hint: he's not). In the meantime, the Wizards would have a shot-happy bench player whom they could choose to use or not. Instead, they'll have the expiring contract of a player who has been ruled out for the season, a marginally decreased payroll and the same nonexistent amount of cap room they had previously. The sole gain here is a more permanent cure for Crawford-induced headaches, but is ditching an asset -- even a marginal one -- really so preferable to buying some extra Tylenol?

1:28 p.m.: Smith claims he didn't ask for the max

The Josh Smith trade saga has been months in the making, but the rumors really started to pick up after Smith claimed he was worth a max contract as a free agent this summer. But Smith is now claiming he never asked for the max, per NBA.com's Sekou Smith.

http://twitter.com/SekouSmithNBA/statuses/304658234822778880

Sekou further quotes Josh Smith in saying that "Atlanta will be on my list in free agency." With no trades on the immediate horizon, it appears the Hawks forward is keeping all his options open.

1:20 p.m.: C's, Wiz talking Melo for Crawford

The Wizards have been shopping Jordan Crawford all day, and they might finally have a buyer in the Celtics, says Yahoo! Sports' Adrian Wojnarowski.

http://twitter.com/WojYahooNBA/statuses/304656780108107776

1:10 p.m.: CBA impacting deadline

The forthcoming luxury tax restrictions are casting a large shadow over the trade deadline, according to several reports.

http://twitter.com/JeffZillgitt/statuses/304652664896106496

http://twitter.com/KBergCBS/statuses/304653652386250752

Rob Mahoney's take: The revised collective bargaining agreement can't stop the truly committed teams from piling up salary, but it does make the luxury tax threshold -- which many teams around the league are over or nearing -- a bit more fearsome. Taxpaying teams are hindered in the offseason, as tools like the mid-level exception and the sign-and-trade now come with a hitch for those that cross a certain line in terms of overall salary. But even more gruesome is the "repeater tax," a compounding penalty that applies to teams that fall above the tax line in three out of four consecutive seasons. The repeater tax won't actually be levied until 2014-15, but this season is still in play as teams grow wary of that "three-out-of-four" criteria, effectively deterring borderline teams from making moves that would put them over the tax line.

On a related note, this could also serve to explain why draft picks are being clutched more tightly at this year's deadline, despite the fact that some of the picks in play are reportedly in the late 20s. With teams around the league more cost-conscious than ever, the notion of picking up a potential role player on a rookie-scale deal is an incredibly attractive one -- even if selecting in that range in the draft rarely produces star-level NBA talent.

The Clippers were one of the more active teams in the weeks leading up to the deadline, but reports now say they're unlikely to make a move before 3 p.m. ET.

http://twitter.com/daldridgetnt/statuses/304652352143646721

http://twitter.com/KBergCBS/statuses/304653044438667265

Rob Mahoney's take: Precious few teams are able to boast the record and synergy of the Clippers, who have spent large chunks of the season playing at league-best levels. There are surely deals out there if they decided to move Eric Bledsoe or DeAndre Jordan, but for the moment both are important elements of L.A.'s rotation and valued assets for a team rife with aging veterans.

1:00 p.m.: Redick staying in Orlando?

The field for J.J. Redick has been narrowing all afternoon, and now Ken Berger of CBSSports.com says there's a strong possibility Redick stays in Orlando.

http://twitter.com/KBergCBS/statuses/304651679951896576

12:46 p.m.: Deals that won't happen

Much of the focus today is on the guys who will be traded, but several reports have emerged on guys who will be staying put, including Monta Ellis, who CBSSports.com's Ken Berger says is "unlikely" to be moved in a deal for Josh Smith.

https://twitter.com/KBergCBS/statuses/304647347604967425

https://twitter.com/WojYahooNBA/statuses/304647778745864192

https://twitter.com/Chris_Broussard/statuses/304647795816681472

http://twitter.com/KBergCBS/statuses/304652320455684096

12:37 p.m.: Hawks to hold on to Smith?

Reports indicated that the Hawks were intent on dealing Josh Smith before the 3 p.m. ET deadline, but ESPN.com's Chris Broussard is hearing that the probability of a Smith deal has declined.

http://twitter.com/Chris_Broussard/statuses/304644829063827458

The Nets still believe they're in the running for Smith's services, says the New York Daily News' Stefan Bondy.

http://twitter.com/NYDNInterNets/statuses/304645792373800960

12:32 p.m.: Spurs fall out of Redick derby

The stars seemed to be aligning for a J.J. Redick-to-San Antonio trade, but Yahoo! Sports' Adrian Wojnarowski says the Spurs have fallen out of the race for the sharpshooter.

http://twitter.com/WojYahooNBA/statuses/304644308563263488

Judging by earlier reports, that would leave the Sixers, Pacers and Bucks as potential Redick suitors. But Sam Amick of USA Today Sports says don't rule out Redick staying in Orlando.

http://twitter.com/sam_amick/statuses/304643292014977025

12:20 p.m.: Wizards' Crawford drawing interest

The Wizards seem unlikely to make the postseason, but that reportedly won't keep them from dealing. According to a report from USA Today Sports' Jeff Zillgitt, Washington is discussing guard Jordan Crawford with several teams.

https://twitter.com/JeffZillgitt/statuses/304640457730822145

Rob Mahoney's take: Jordan Crawford is a nonessential piece for a Washington team that already has its core prospects in John Wall and Bradley Beal. Dallas and Boston both make sense as trade partners looking to add younger pieces at minimal cost. Crawford is primarily a volume scorer at this point, averaging 18.1 points on 16.2 field goal attempts per 36 minutes. The Mavs and Celtics are undoubtedly well aware of this and would be banking on the potential to reform some of Crawford's worrisome offensive habits in order to make him a more helpful player.

12:13 p.m.: Race for Redick narrowing

We outlined the potential suitors for J.J. Redick below, but according to several reports, that list is getting shorter.

http://twitter.com/Chris_Broussard/statuses/304639650570588160

http://twitter.com/WojYahooNBA/statuses/304639804614774784

Going off earlier reports, that leaves the Spurs, Sixers and Pacers as contenders for Redick's services. Yahoo! Sports' Adrian Wojnarowski, who reported earlier that the Spurs are legitimately in on Redick, further connected the dots with this tweet:

http://twitter.com/WojYahooNBA/statuses/304639127259844608

12:04 p.m.: Smith or bust for Nets

The Nets have been linked with several players this month, but according to a report from Yahoo! Sports' Adrian Wojnarowski if the Nets can't land Josh Smith, then they're likely to stand pat.

http://twitter.com/WojYahooNBA/statuses/304637261075578880

12:00 p.m.: Rockets won't flip Robinson

There were rumblings that the Rockets acquired Thomas Robinson from the Kings in advance of another deal, but NBA.com's David Aldridge is hearing that Houston "loves" him and won't be trading him.

http://twitter.com/daldridgetnt/statuses/304636762863595520

11:49 a.m.: Kings won't deal Evans, Cousins

Despite reported interest from the Celtics, the Kings have no intention of moving Tyreke Evans or DeMarcus Cousins, reports Yahoo! Sports' Marc Spears.

https://twitter.com/SpearsNBAYahoo/statuses/304633717689819136

Evans, 23, was the 2010 Rookie of the Year; Cousins, 22, was the No. 5 pick in the 2010 draft. Though Evans will be a restricted free agent this offseason, the pair could serve as the foundation for a Kings team in transition. A Seattle group is expected to purchase and move the Kings to Seattle at the beginning of next season.

11:37 a.m.: Kings' Evans on the move?

The Kings have already made one surprising move this week. Could another be forthcoming? According to a report from ESPN.com's Marc Stein, the Celtics are actively pursuing the Kings' Tyreke Evans, the 2010 Rookie of the Year.

https://twitter.com/ESPNSteinLine/statuses/304629310491328512

Shortly after that tweet, however, Jason Jones of the Sacramento Bee reported that Evans would not be moved.

https://twitter.com/mr_jasonjones/statuses/304630831861862400

11:24 a.m.: Spurs legitimately in on Redick

Several teams are chasing Magic sharpshooter J.J. Redick, but the Spurs could be emerging as a serious threat to land him, says Yahoo! Sports' Adrian Wojnarowski.

https://twitter.com/WojYahooNBA/statuses/304626267431514113

Rob Mahoney's take: The Spurs don't have any pressing need for another perimeter shooter, but why miss out on a viable fit who is very much attainable? Redick, Kawhi Leonard and Danny Green would set up the Spurs with a fantastic core of role players to rotate in alongside Tony Parker, Tim Duncan and Manu Ginobili, and the acquisition of Redick's Bird rights would give San Antonio a good shot at re-signing him for the long haul. San Antonio is still an unlikely landing spot, given the poor value of its first-round pick and minimal trade assets, but the team would be a great fit for Redick.

10:41 a.m.: Redick rumors

Impending free agent J.J. Redick has generated plenty of interest in the weeks leading up to the deadline, and he remains a hot commodity, according to several reports.

https://twitter.com/SpearsNBAYahoo/statuses/304615641384624129

http://twitter.com/daldridgetnt/statuses/304616730951561216

http://twitter.com/WojYahooNBA/statuses/304618182436585473

Reports out of Orlando suggest that the rebuilding Magic will look to deal him.

https://twitter.com/MagicInsider/statuses/304613301084631040

http://twitter.com/JoshuaBRobbins/statuses/304616863558664192

Rob Mahoney's take: It's not surprising that there's an extensive market for Redick, who works well playing any style and fits on just about any roster. He's a low-maintenance offensive piece who is efficient with his touches and can immediately help to space the floor as he picks up the schematic basics of a new team. He's also a much better defender than most understand. He's not a star, but he's an ideal role-playing wing with no salary obligations beyond this season.

10:16 a.m.: Bucks continue to push for Smith

The Bucks have been linked to Josh Smith over the last few days, and, according to Adrian Wojnarowski of Yahoo! Sports, the Hawks and Bucks are now "seriously" negotiating.

https://twitter.com/WojYahooNBA/statuses/304609860551573504

Ben Golliver broke down the cons of a Milwaukee trade on Wednesday: "The Hawks would ideally find a way to get an additional younger asset and/or pick(s) in a Smith deal. Ellis’ shooting inefficiency cuts deeply into his value as a player and he’s not a long-term fit in Atlanta with Lou Williams already in the fold (although he’s currently injured)."

Ken Berger of CBSSports.com also reports that the Bucks are in on Smith, which could lead to another move as well.

Rob Mahoney's take: Houston is certainly the most intriguing destination for Smith still in play. The Rockets provide the most natural fit for Smith and have the potential to furnish the Hawks with good, cheap assets. Atlanta seems to be looking to get a return on Smith without compromising its future cap space, and Houston could offer some combination of the newly acquired Thomas Robinson (who can be flipped immediately because the Rockets are under the salary cap), Donatas Motiejunas, Terrence Jones and Royce White -- all of whom are in the first year of their rookie deals.

That said, Houston's cap space puts GM Daryl Morey in a unique negotiating position. The Rockets will have a chance to make a run at Smith in free agency, and thus Morey can drive as hard a bargain as he pleases. If they land Smith, then they'll have an upper hand in their attempts to re-sign him this summer via Bird rights. If not, then the Rockets' season goes on, and they'll circle back to Smith in a few months.

9 a.m.: Deadline storylines to watch

The ever-active Rockets made the first moves of deadline week on Wednesday night, acquiring Thomas Robinson from the Kings in a six-player deal and sending Marcus Morris to Phoenix for a second-round pick. What's in store for Thursday? Here are some key questions that will shape deadline day:

Sources were saying again [Wednesday] that while no hard bargaining has taken place, the Clips are aware it would cost them Eric Bledsoe and DeAndre Jordan to get Garnett and a greater chance at the 2013 NBA championship.

• Will Utah deal a big man? Jazz starters Al Jefferson and Paul Millsap will be free agents in July, and Utah has young, promising big men Derrick Favors and Enes Kanter played behind the two vets. Many around the league have long anticipated that at least one of Jefferson or Millsap would be dealt this season, but the Jazz have won 12 of 17 and are a half-game behind Golden State for sixth in the Western Conference.

• What happens with J.J. Redick? The Magic shooting guard, in the midst of a career year, will be a free agent in July. Several teams are reportedly interested, from championship-contending San Antonio to playoff-contending Milwaukee to lottery-bound Minnesota. Orlando is said to be looking for a first-round pick as part of a package for Redick, who is making $6.2 million.

• Will the Lakers do something big? Short answer: No. At least that's the word from GM Mitch Kupchak, who is on record saying the team won't be trading Dwight Howard or Pau Gasol before the deadline.

8:45 a.m.: Deadline primer

To get you ready for the deadline, here's a look at SI.com's recent trade coverage: